Core Viewpoint - Tianshan Electronics is actively planning capacity expansion and industrial ecological layout by issuing convertible bonds to raise up to 697 million yuan for business upgrades and digital transformation [1][2] Group 1: Fundraising and Investment Plans - The company plans to issue convertible bonds to raise a maximum of 697 million yuan, with funds allocated to the second phase of the optoelectronic touch display module construction, information technology development, and working capital supplementation [1][2] - Specifically, 546 million yuan will be invested in the optoelectronic touch display module project to enhance production efficiency and quality of high-value products [2] - An additional 51.21 million yuan will be directed towards information technology projects to build an integrated digital management platform utilizing AI technology [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported total revenue of 1.338 billion yuan, a year-on-year increase of 26.48%, significantly surpassing the industry average [3] - The net profit attributable to shareholders reached 113 million yuan, up 7.75% year-on-year, while the net profit excluding non-recurring items was 103 million yuan, reflecting a 15% increase [3][4] Group 3: Industry Position and Product Offerings - Tianshan Electronics has been deeply involved in the customized LCD display industry for 20 years, offering a wide range of products including monochrome and color LCD modules and touch screens [3][5] - The company has over 5,000 mass-produced display application products and a large customer base, including industry leaders like LG, BYD, and Panasonic [3] - The company is transitioning from a "single hardware supplier" to a "chip-screen collaborative solution provider," aligning with emerging fields such as AI computing and smart vehicles [5] Group 4: Research and Development - The company has increased its R&D investment, with R&D expenses reaching 59.52 million yuan in the first three quarters of 2025, a 24.05% increase year-on-year [4] - As of mid-2025, Tianshan Electronics holds 73 patents, including 11 invention patents, with 8 core technologies widely applied in product manufacturing [4]

Group 1 - Tianshan Electronics (301379) plans to issue convertible bonds to unspecified investors, with a face value of RMB 100 per bond and a term of six years from the issuance date [1] - The total amount to be raised from this issuance is not to exceed RMB 697.023 million, which will be used for projects including the construction of an integrated optoelectronic touch display module and the company's information technology development [2][3] - The initial conversion price for the bonds will be determined based on the average stock price over the 20 trading days prior to the announcement date, with no upward adjustments allowed [2] Group 2 - The issuance will prioritize existing shareholders, who will have the right to subscribe to the bonds, with specific allocation ratios to be determined by the board of directors [3] - The bonds will not be secured and will undergo credit rating by a qualified agency [3] - Tianshan Electronics was listed on the Shenzhen Stock Exchange on November 1, 2022, raising a total of RMB 798.4634 million, with a net amount of RMB 722.3034 million after expenses [3] Group 3 - For the third quarter of 2025, the company reported revenue of RMB 483 million, a year-on-year increase of 21.21%, while net profit attributable to shareholders decreased by 4.80% to RMB 37.985 million [8][9] - Year-to-date revenue reached RMB 1.338 billion, up 26.48%, and net profit attributable to shareholders increased by 7.75% to RMB 112.913 million [8][9] - The net cash flow from operating activities for the year-to-date period was RMB 14.412 million, reflecting a significant decline of 81.64% [9]

（文章来源：证券日报） 证券日报网讯 12月15日晚间，天山电子发布公告称，公司第三届董事会独立董事专门会议2025年第三 次会议审议通过《关于公司符合向不特定对象发行可转换公司债券条件的议案》等多项议案。 ...

（文章来源：证券日报） 证券日报网讯 12月15日晚间，天山电子发布公告称，公司第三届董事会第二十一次会议审议通过《关 于公司符合向不特定对象发行可转换公司债券条件的议案》等多项议案。 ...

Group 1 - Unicom Guowei has established a Central Research Institute focusing on the development of edge AI chips for applications in autonomous driving, embodied robots, and low-altitude flying vehicles [2] - The research will also include new types of storage devices based on two-dimensional materials and high-performance special sensor chips [2] - Aerospace Electronics plans to increase its investment in Aerospace Long March Rocket Technology Co., Ltd. by 728 million yuan, maintaining the existing shareholding structure [3] Group 2 - Aerospace Rainbow successfully completed the first flight test of its self-developed Rainbow-7 high-altitude, high-speed, long-endurance drone, achieving all preset parameters [4] - The project is still in the research and testing phase, with further rigorous testing and validation required before mass production [4] Group 3 - Changchun High-tech's subsidiary signed an exclusive licensing agreement for the GenSci098 injection project, potentially earning up to 1.365 billion USD in milestone payments [5] - The agreement includes an initial payment of 120 million USD and additional milestone payments related to development and commercialization [5] Group 4 - TCL Technology plans to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.2105% to 94.9761% [26] - This acquisition aims to enhance TCL's competitiveness and profitability in the semiconductor display industry [26] Group 5 - Zhongmin Resources announced the successful ignition of its Tsumeb smelting plant's multi-metal comprehensive recycling project, with an annual processing capacity of 80,000 tons [11] - The project will produce various products, including germanium ingots and zinc ingots, with a design capacity of 33 tons/year for germanium [11] Group 6 - Xinhua Insurance reported a 16% year-on-year increase in original insurance premium income, totaling 188.85 billion yuan from January to November 2025 [43] - This growth reflects the company's strong performance in the insurance market [43]

智通财经APP讯，天山电子(301379.SZ)披露向不特定对象发行可转换公司债券预案，公司拟发行不超过 6.97亿元可转债，初始转股价格不低于《募集说明书》公告日前二十个交易日公司股票交易均价、前一 个交易日公司股票交易均价。扣除发行费用后，募集资金净额拟用于光电触显一体化模组建设项目(二 期)、天山电子信息化建设项目、补充流动资金。 ...

智通财经APP讯，天山电子(301379.SZ)披露向不特定对象发行可转换公司债券预案，公司拟发行不超过 6.97亿元可转债，初始转股价格不低于《募集说明书》公告日前二十个交易日公司股票交易均价、前一 个交易日公司股票交易均价。扣除发行费用后，募集资金净额拟用于光电触显一体化模组建设项目(二 期)、天山电子信息化建设项目、补充流动资金。 ...

格隆汇12月15日丨天山电子(301379.SZ)公布，拟发行可转债募集资金总额不超过69,702.30万元，扣除 发行费用后，募集资金净额用于光电触显一体化模组建设项目（二期）、天山电子信息化建设项目、补 充流动资金。 ...

每经AI快讯，天山电子（SZ 301379，收盘价：26.27元）12月15日晚间发布公告称，公司第三届2025年 第三次董事会会议于2025年12月15日在公司会议室以现场结合通讯方式召开。会议审议了《关于公司前 次募集资金使用情况报告的议案》等文件。 2024年1至12月份，天山电子的营业收入构成为：新型电子元器件及设备制造占比100.0%。 （记者 曾健辉） 截至发稿，天山电子市值为52亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ ...

2025 年 12 月 广西天山电子股份有限公司 向不特定对象发行可转换公司债券的论证分析报告 广西天山电子股份有限公司（以下简称"天山电子""公司"或"本公司"） 是深圳证券交易所（以下简称"深交所"）创业板上市公司。为满足公司业务发 展的需要，增强资本实力及市场竞争力，促进公司的长期发展，根据《中华人民 共和国公司法》《中华人民共和国证券法》和《上市公司证券发行注册管理办法》 等有关法律、法规和规范性文件的规定，公司拟向不特定对象发行可转换公司债 券（以下简称"可转债 "）。本次发行可转债募集资金总额不超过 69,702.30 万元（含本数），在扣除发行费用后用于光电触显一体化模组建设项目（二期）、 天山电子信息化建设项目及补充流动资金。 本报告中如无特别说明，相关用语具有与《广西天山电子股份有限公司向不 特定对象发行可转换公司债券预案》中相同的含义。 证券代码：301379 证券简称：天山电子 广西天山电子股份有限公司 向不特定对象发行可转换公司债券的 论证分析报告 第一节 本次发行证券及其品种选择的必要性 一、本次发行证券选择的品种 本次发行证券的种类为可转换为公司 A 股股票的可转债。本次可转债及未 ...